At some point in your life you will have to deal with a series of fixed payments over time, so it pays to know how to calculate them.
What is Alimony?
Alimony is a term that refers to the money or funds that provide maintenance and/or support to a spouse. It is a responsibility that is mandated by the court and follows a divorce ruling. This obligation is found in divorce law or family law and is present in many countries around the world. The legal responsibility is based on the notion that each spouse must be obligated to support the other during the marriage. This law also applies to civil unions or common-law marriages.
The history of alimony dates back to the English church courts. These courts made rulings awarding alimony in cases dealing with divorce or separation. It was known as Alimony Pendente Lite, and dictated that a husband had to support a wife during divorce proceedings. Post-divorce or permanent alimony referred to the idea that the marriage actually continued. Therefore, the husband had a requirement to continue to support the wife as these courts could only decree something akin to a legal separation today.
Alimony is not a right. It is something that can be requested, and, the amount will vary according to the circumstances related to the reason for the divorce. The court will make a decision based on the arguments presented by attorneys from both sides. The alimony decree can be modified at any time if circumstances change for either of the parties. For example, if the supported spouse remarries then alimony may no longer be a requirement. However, the courts do not like to modify these agreements unless there are compelling reasons to do so.
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TGMP.OB, SILA.OB, TRE Gold Market Update from PennyOtcStock.com
American Power Corp. (OTCBB:TGMP.OB) recently reported that it will proceed to kick start the development of its advanced Pace Coal Project in Judith Basin County, Montana.
In April 2010, American Power Corp. acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project’s acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively. Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.
American Power Corp. is a publicly traded, dynamic energy company based in Denver, Colorado. American Power Corp. was established with the focus of acquiring near-term, large scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
Gold American Mining Corp. (OTCBB:SILA.OB) recently announced that it has received the final ground geophysics report on its Guadalupe property and confirms that the recently concluded geophysics program has identified multiple potentially significant geophysical anomalies. The geophysical survey was designed to test down to depths of 500 metres
The Guadalupe property contains two historically significant mines and is located in one of Mexico’s oldest mining districts, roughly 5 miles north of the Fresnillo Mine, the world’s richest underground silver mine, operated by Fresnillo plc. Roughly 6.8 miles to the southwest of Silver America’s Guadalupe Property is the Juanicipio Joint Venture between MAG Silver Corp. and Fresnillo plc, which is known as one of the world’s highest grade undeveloped silver resources.
Gold American Mining Corp. is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
Tanzanian Royalty Exploration Corporation (AMEX:TRE) advises that the private placement announced on July 9, 2010 has closed.
The placement consists of a $1,095,000 three-year promissory note bearing interest at 3% per annum, convertible into 255,484 common shares. The conversion price of $4.286 per share represents the five-day weighted average trading price of the common shares on the Toronto Stock Exchange for the period ended July 9, 2010, less a discount of 15%. Following closing, $95,000 of the outstanding principal will be converted into 22,166 common shares, which shares will be refundable to the Corporation if the remaining principal is not fully converted by December 9, 2011.
Tanzanian Royalty Exploration Corporation, an exploration stage company, engages in the acquisition and exploration of natural resource properties. It primarily involves in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania. The company has interests in various properties located in the Lake Victoria greenstone belt, Tanzania. Tanzanian Royalty Exploration Corporation also explores for diamond, nickel, and other mineral ores.
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